Keeping up with Trump's Tariffs - (Part 2: Jul-Dec 2025). Updated on 03.07.25
- GMCCTradeteam
- 4 days ago
- 2 min read
Updated: 12 hours ago
JULY
2nd July - US strikes deal with Vietnam. New deal has US imposing reciprocal tariffs at 20% instead of hte original 46% announced months ago. In return, US goods will be able to enter the Vietnamese market at 0% tariffs. The deal also addresses 'trans-shipping' whereby goods from 3rd countries (notably China) are routed through Vietnam to bypass tariffs.
3rd July - Reuters reported that the United States has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating U.S.-Sino trade tensions. including concessions from Beijing over rare earths
8 July – 90 day suspension period for non-retaliating countries of reciprocal tariffs above global baseline rate of 10% due to end. As of 12th June, Trump has mentioned there could be an 'extension' to enable further progress on trade talks.
SEPTEMBER
Possible extension deadline for tariff provisions with China
NOVEMBER
22 November – deadline for report on copper tariffs to go to President.
FURTHER INFORMATION AND RESOURCES FOR TRADERS
Keeping Up With Trump's Tariffs Part 1 (Jan- Jun 2025): Summary of all key announcements of the Trump Administration regarding Tariffs from January to Jun 2025 period.
GMCC US Tariffs Resources Hub: Hand-picked guidance from UK and US Governments regarding tariffs as well as recently signed US-UK Economic Prosperity Deal. Access to useful resources from the British Chambers of Commerce (e.g., FAQ Sheet, Explainers, etc), GMCC (How to guide to navigate volatile tariffs landscape), as well as download and watch on demand webinars from the Chambers Trade Academy; and support offered by the Chamber - training, consultancy and FX.
Check regularly our events and training calendar and spot our Understanding US Tariffs Workshop. Members access referential rates.
Sources: The White House, US International Trade Administration & Customs, Border Protection, UK Gov /Department for Business and Trade, Reuters, The Times, Bloomberg, The Financial Times, British Chambers of Commerce,
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